CarGurus shares fall 7.00% intraday after winding down CarOffer business.
ByAinvest
Friday, Aug 8, 2025 2:38 pm ET1min read
CARG--
Cargurus, Inc. dropped 7.00% in intraday trading, following the announcement that the company plans to wind down its CarOffer business. The Board of Directors determined that the CarOffer Transactions Business has proven less effective in the current volatile pricing environment, where dealers require more flexibility and broader automation.
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